HomeMy WebLinkAbout04-60
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RESOLUTION NO. /.{- iJJu
A RESOLUTION transferring items within the 1960 Budget.
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WHEREAS, there is $16,551.25 in the 1954 Electric
Revenue Bonds & Reserve Fund which is not needed to retire
bonds since all of the bonds have been retired, but such
funds could he used in the Light Fund; and
WHEREAS, there is $9,860.34 in the 1953 Street Improve-
ment Construction Fund which is not needed since full payment
has been made for said construction project and said funds
may be used in 1963 for retirement of 1953 General Obligation
Street Bonds; and
WHEREAS, there are certain unexpended sums in various
Local Improvement District Funds after the completion of
various projects, which funds may properly be used to retire
outstanding bonds and warrants of the various L.I.D. funds
and huild up the L.I.D. Guaranty Fund; and
WHEREAS, it is in the best interests of the City of
Port Angeles that the above mentioned transfers be made in
the 1960 Budgeti now, therefore,
BE IT RESOLVED by the City Council of the City of Port
Angeles at its regular meeting held this day that there be
.... transferred in the 1960 Budget the following amounts from
the following funds to the following named funds:
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1954 Electric Revenue Bonds & Reserve Fund to Light Fund $16,551. 25
1953 Street Improvement Construction Fund to
1953 General Obligation Street Bond Fund $9,860.34
L. LD. No. 178 Construction Fund to L.LD. No. 17 8 Fund $315.89
e L.1.D. No. 148 Fund to L.1.D. Guaranty Fund $728.96
L. 1. D. No. 150 Fund to L. LD. Guaranty Fund $92.55
PASSED-by the City Council ~his 16th day of June, 1960.
ATTEST:
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{/ City Clerk
APPROVED AS TO FORM:
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